Canada’s economy experienced a significant rebound in the second quarter following a period of minimal growth, driven by a notable increase in exports and robust domestic demand, according to recent data released on Friday. The economy expanded at an annualized rate of 3.3% in the second quarter, marking a substantial improvement from the upwardly revised 0.3% growth in the preceding quarter, as reported by Statistics Canada. The revised figures indicate that Canada avoided entering a technical recession, defined as two consecutive quarters of economic contraction.
